More overtime tussles for tech companies?

TalkBack 14 of 16:

Next »

« Previous

• Thread View
• Flat View

More overtime, less takehome is a hoax

In the United States, federal income tax is bracketed, that is, as your income increases, you move to higher 'brackets'. But, and this is the important part, you only pay the higher percentage for tha amount of your income that is in a given bracket.

So, if person 'A' makes $250,000/year and Person 'B' makes $25,000/year, person 'A' pays the same tax on their first $25,000 of income as person 'B'.

Now, state taxes are all over the board, but, usually, they account for a relatively small percentage of over all tax.

Posted by: jimmy-42   Posted on: 05/18/05 You are currently: a Guest | Members login | Terms of Use

Alert moderator to an offensive message

Subscribe to this discussion via Email or RSS

SponsoredWhite Papers, Webcasts, and Downloads

• The Impact of Virtualization Software on Operating Environments VMware Today's use of virtualization technology allows IT professionals to ... Download Now
• Virtualization: Architectural Considerations And Other Evaluation Criteria VMware Of the many approaches to x86 systems virtualization available in the ... Download Now
• Building the Virtualized Enterprise with VMware Iinfrastructure VMware VMware virtualization software has been adopted by over 120,000 enterprise ... Download Now